Social Security Maximization

Developing a Retirement Plan

Knowing how much of your income will be replaced by Social Security.

Many think of Social Security as a monthly government I.O.U. and that they should begin taking benefits as soon as possible. However, this approach could have a negative impact on your plans for retirement. Think of Social Security as you do other pieces of your retirement portfolio. It could potentially be your largest retirement "asset."

There are many options regarding when as well as how to file for benefits and what you choose can mean a significant difference in the Social Security income you receive over your lifetime. Making a wise decision about your Social Security benefits may create a number of opportunities, including the potential to draw down less from your other individual retirement assets.

Deciding when to begin receiving Social Security benefits can feel overwhelming, but it doesn't have to be.

Social Security Maximization

For many Americans, Social Security benefits are the bedrock of retirement income. Maximizing that stream of income is critical to funding your retirement dreams. The rules for claiming benefits can be complex.

There are plenty of tips and tricks to maximizing your retirement benefits, and more than a few are considered "loopholes" that taxpayers have been able to use to circumvent the letter of the law in order to pay less to the government.

Defining when to claim your Social Security benefits is not only an important decision, but also a complicated one for most people. Because the Social Security program is designed to handle many different situations, the regulations covering who can get which benefits and at what age are numerous and complex. (If you want to see for yourself, check out the Social Security Handbook, or the Program Operating Manual.) Even if someone is familiar with all of the provisions that might affect their choice, it can be extremely difficult to determine the optimal strategy.

To help you get around these complexities and determine your best Social Security strategy, we can provide you with a customized analysis, tailored to your specific circumstances.

Retirees will often point towards running out of money as their number one concern in retirement. Well the most important question to ask is how long do you want your assets to last. This will have an effect on when to claim social security benefits. Below provides surviability outcomes of a 62 year old. You might find this information helpful as you think about how long you want your assets to last.